Category: Top National News

Mortgage Daily, Sept. 30, 2016
August secondary activity up 11% from July.

National Mortgage News, Sept. 30, 2016–Collins, Brian
Strong home sales are boosting originations of Federal Housing Administration loans and opening the door for first-time buyers.

National Mortgage News, Sept. 30, 2016–Passy, Jacob 
Federal Housing Administration loans lead the decline in mortgage application defect risk, First American Financial Corp. reported.

HousingWire, Oct. 3, 2016–Swanson, Brena
MBA Senior Vice President Pete Mills called TRID a “massive undertaking” but noted impact on consumers was mitigated because lenders prepared for rule.

National Mortgage News, Oct. 3, 2016–Passy, Jacob
Bank mortgage servicers are slashing their staff in the wake of improved loan performance and decreased portfolio, according to Fitch Ratings.

Reuters, Oct. 3, 2016–Raymond, Nate
Royal Bank of Scotland Group PLC to resolve investigation of mortgage-backed securities underwriting ahead of 2008 financial crisis.

Mortgage Daily, Oct. 3, 2016
Fixed-rate MBS issuance on behalf of Fannie Mae, Freddie Mac and Ginnie worked out to $157.656 billion during September.

National Mortgage News, Oct. 3, 2016–Bisbey, Allison
Late payments on securitized commercial mortgages reversed course in September and resumed a climb that began in March, according to Trepp.

National Mortgage News, Sept. 20, 2016–Passy, Jacob
National Association of Hispanic Real Estate Professionals created a glossary that provides Spanish translations of terms used by the real estate and mortgage industries.

Reuters, Sept. 20, 2016–Rucker, Patrick
Richard Cordray, director of the Consumer Financial Protection Bureau, said the agency expects to reach 1 million complaints by the end of the week.